11/16/2017

Mish Schneider | November 15, 2017

S&P 500 (SPY) 256.36, last week’s low held on a closing basis. If breaks, 253.90 is where the 50-DMA support is

Russell 2000 (IWM) It’s all about 144.50 area support

Dow (DIA) Broke and closed beneath last week’s low. Under 232 see 228.50 possible

Nasdaq (QQQ) 152 pivotal

KRE (Regional Banks) Confirmed Bullish phase. 55.35 the 50 DMA to hold

SMH (Semiconductors) 102.00 pivotal support

IYT (Transportation) 168.50 level key support

IBB (Biotechnology) 302 support to hold. If clears 308 better

XRT (Retail) Needs to get back over 40

IYR (Real Estate) 82.00 pivtoal support

GLD (Gold Trust) Still needs a close over 122

SLV (Silver) Like to see this clear 16.30

GDX (Gold Miners) Needs to clear 23.05 with volume

USO (US Oil Fund) As long as this hold above 10.50, I remain friendly

TAN (Solar Energy) If doesn’t get back to 24.99 an exhaustion gap top in play

TLT (iShares 20+ Year Treasuries) 123.50 the 200 DMA. 125.50 pivotal 126.80 resistance

UUP (Dollar Bull) 24.37 the 200-week MA with 24.25 next key support